Connected Medical Device Market, By Product Type (Wearable Devices (Activity Trackers, Smart Watches, Patches, Others), Implantable Devices (Cardiovascular Implants, Orthopedic Implants, Neurological Implants, Others), Stationary Devices), By Application

Connected Medical Device Market, By Product Type (Wearable Devices (Activity Trackers, Smart Watches, Patches, Others), Implantable Devices (Cardiovascular Implants, Orthopedic Implants, Neurological Implants, Others), Stationary Devices), By Application (Remote Patient Monitoring, Telemedicine, Clinical Decision Support, Chronic Disease Management, Fitness and Wellness, Others), By End User (Hospitals and Clinics, Home Care Settings, Long-Term Care Facilities, Ambulatory Surgical Centers, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)


Global connected medical device market growth is driven by factors such as rising geriatric population, growing prevalence of chronic diseases, increasing healthcare costs, and technological advancements. Connected medical devices help in remote monitoring of patients and timely diagnosis of health issues, thus, improving patient outcomes. These also help reduce hospital visits and healthcare costs through remote patient monitoring. Due to growing investments in telehealth and remote care services, connected medical devices market can witness growth during the forecast period.

Market Dynamics:

Global connected medical device market growth is driven by factors like rising incidence of chronic diseases such as diabetes, cardiac disorders, and respiratory diseases coupled with increasing healthcare costs. Growing geriatric population susceptibility to such diseases can also drive the market growth. Technological advancements in connectivity solutions such as Bluetooth, Wi-Fi, and cellular networks have enabled integration of devices and home healthcare systems, thus, driving the market growth. However, data security and privacy concerns regarding rising cybercrimes on healthcare industry can hamper the market growth. High costs associated with development and maintenance of connected devices can limit their adoption in price sensitive developing regions. Growing healthcare investments and rising medical insurance coverage in developing nations can offer new market opportunities during the forecast period.

Key features of the study:
  • This report provides in-depth analysis of the global connected medical device market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global connected medical device market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Medtronic, GE Healthcare, Philips Healthcare, Omron Corporation, Boston Scientific Corporation
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • Global connected medical device market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global connected medical device market
Detailed Segmentation-
  • Product Type Insights (Revenue, USD Bn, 2019 - 2031)
  • Wearable Devices
  • Activity Trackers
  • Smart Watches
  • Patches
  • Others
  • Implantable Devices
  • Cardiovascular Implants
  • Orthopedic Implants
  • Neurological Implants
  • Others
  • Stationary Devices
  • Infusion Pumps
  • Ventilators
  • Dialysis Machines
  • Others
  • Application Insights (Revenue, USD Bn, 2019 - 2031)
  • Remote Patient Monitoring
  • Telemedicine
  • Clinical Decision Support
  • Chronic Disease Management
  • Fitness and Wellness
  • Others
  • End User Insights (Revenue, USD Bn, 2019 - 2031)
  • Hospitals and Clinics
  • Home Care Settings
  • Long-Term Care Facilities
  • Ambulatory Surgical Centers
  • Others
  • Regional Insights (Revenue, USD Bn, 2019 - 2031)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
  • Key Players Insights
  • Abbott Laboratories
  • AliveCor
  • Becton, Dickinson and Company (BD)
  • Boston Scientific
  • Cerner Corporation
  • General Electric (GE) Healthcare
  • Honeywell Life Care Solutions
  • Johnson & Johnson
  • Masimo
  • Medtronic
  • Philips Healthcare
  • ResMed
  • Roche Diagnostics
  • Siemens Healthineers
  • Stryker Corporation
  • Epitel, Inc.
  • Garmin Ltd.
  • Fitbit, Inc. (now part of Google)
  • Omron Healthcare, Inc.
  • ZOLL Medical Corporation


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Connected Medical Device Market, By Product Type
Global Connected Medical Device Market, By Application
Global Connected Medical Device Market, By End User
Global Connected Medical Device Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Connected Medical Device Market, By Product Type, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Wearable Devices
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Activity Trackers
Smart Watches
Patches
Others
Implantable Devices
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Cardiovascular Implants
Orthopedic Implants
Neurological Implants
Others
Stationary Devices
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Infusion Pumps
Ventilators
Dialysis Machines
Others
5. Global Connected Medical Device Market, By Application, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Remote Patient Monitoring
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Telemedicine
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Clinical Decision Support
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Chronic Disease Management
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Fitness and Wellness
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Connected Medical Device Market, By End User, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Hospitals and Clinics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Home Care Settings
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Long-Term Care Facilities
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Ambulatory Surgical Centers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Connected Medical Device Market, By Region, 2019 - 2031, (USD Bn)
Introduction
Market Share (%) Analysis, 2024,2027 & 2031, (USD Bn)
Market Y-o-Y Growth Analysis (%), 2020 - 2031, (USD Bn)
Regional Trends
North America
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country/Sub-region, 2019 - 2031, (USD Bn)
South Africa
North Africa
Central Africa
8. Competitive Landscape
Abbott Laboratories
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
AliveCor
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Becton, Dickinson and Company (BD)
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Boston Scientific
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Cerner Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
General Electric (GE) Healthcare
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Honeywell Life Care Solutions
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Johnson & Johnson
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Masimo
Medtronic
Philips Healthcare
ResMed
Roche Diagnostics
Siemens Healthineers
Stryker Corporation
Epitel, Inc.
Garmin Ltd.
Fitbit, Inc. (now part of Google)
Omron Healthcare, Inc.
ZOLL Medical Corporation
9. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. References and Research Methodology
References
Research Methodology
About us
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